A number of PE executives - old enough to have seen several cycles – have commented on how difficult the fundraising environment is at present. “I thought my last fundraising [in 2004] was very difficult. Now that I am raising my current fund, the past experience almost seemed easy,” the senior partner of a regional buyout fund observed during a recent meeting. Different versions of this incident are recounted by other GPs as they take a timeout from the fundraising trail.
The numbers appear to confirm this story. Although LPs still need to find a place to park their capital and Asia remains an attractive growth market, provisional data from AVCJ Research shows that regional...
Timothy Zee, a Singapore-based managing director with PAG whose primary responsibilities included deal sourcing and business development, has left the firm after 10 years.
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.